Local News

Tobacco Farmers Face Uncertainty in Post-Buyout World

Posted Updated

FAYETTEVILLE, N.C. — As planting season nears, tobacco farmers face a dilemma.

Many have yet to decide whether to take a chance on tobacco in a post-buyout world.

While some farmers say they'll stick with the crop that has provided a good living for decades, others say tobacco is just not worth growing anymore.

Congress in October passed a $10 billion buyout of a Depression-era price support system.

No longer is a good price guaranteed, and uncertainties abound. Tim Priest is a 49-year-old farmer who tends to about 250 acres near the Moore County town of Carthage.

Last year, he grew 40 acres of flue-cured tobacco, and he plans to stick with it this year.

Priest has been offered a contract to grow directly for Philip Morris, the nation's largest cigarette maker, but says he's weighing his options.

Copyright 2024 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.